Description
IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2023, IFC committed a record US$43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org.
IFC Equity Mobilization Department (AMC) within the Treasury & Syndications Vice President Unit (VPU) at IFC, mobilizes and manages capital for private equity investments in emerging markets. AMC was created in 2009 to provide investors with access to IFC’s emerging markets investment pipeline and to expand the supply of long-term capital to these markets, enhancing IFC’s development goals and generating profits for investors by leveraging IFC’s global reach, standards, investment approach, and track record. AMC has raised US$10.2 billion through thirteen investment funds that invest across a variety of sectors, geographies, and strategies.
The IFC Equity Mobilization Department (AMC) is seeking a seasoned professional for an extended-term engagement. The focus is on taking a proactive, hands-on approach with minimal supervision to contribute to new product development, enhance products currently under development by multiple fund heads and ensure alignment with organizational goals and emerging market dynamics, and ensure successful implementation and fundraising.
The Consultant is tasked with a multifaceted role in developing new private equity fund products in emerging markets. S/he will conduct a thorough review of product concepts, collaborating closely with fund heads to refine strategies and structures. This includes implementing changes to enhance overall effectiveness, actively fostering collaboration and synergies among funds, and leading the development of innovative strategies for each focus area. Additionally, the s/he will play a crucial role in supporting fundraising efforts by providing strategic insights and contributing to the creation of compelling materials. With a strong emphasis on project management, s/he will maintain a comprehensive timeline, deliver regular progress reports, and ensure documentation of the development process for future reference and organizational learning. The objectives collectively aim to elevate the fund products, align them with organizational goals, and navigate the dynamic landscape of emerging markets.
Role and Responsibilities:
The Consultant is expected to undertake the following hands-on tasks with minimal supervision:
• Comprehensive Review of Product Concepts: Conduct an in-depth examination of the product concepts, considering market dynamics, emerging trends, and potential challenges.
• Strategic Refinement and Enhancement: Work closely with fund heads to refine and enhance product concepts based on practical insights and strategic improvements, ensuring alignment with overall organizational goals.
• Structural Improvements: Implement changes to fund structures, investment strategies, and impact measurement methodologies. This may involve proposing adjustments to fund sizes, fee structures, and other key components to enhance overall effectiveness.
• Collaboration and Synergies: Actively identify opportunities for collaboration and synergies among these funds to ensure a cohesive approach across all funds.
• Innovative Strategies Development: Propose innovative strategies for each fund’s focus area. This may involve conducting market research, identifying emerging opportunities, and proposing unique approaches to maximize impact.
• Assist Fundraising Efforts: Provide strategic insights and contribute to the development of materials for fundraising purposes. This includes assisting in the crafting of compelling narratives, preparing documentation, and offering expertise to strengthen the overall fundraising strategy.
• Project Management Timeline: Develop and maintain a comprehensive project management timeline outlining key milestones, tasks, and deadlines for each fund.
• Regular Progress Reporting: Provide regular updates and progress reports to the fund heads and AMC Director, to promptly address any emerging challenges.
• Documentation and Knowledge Management: Maintain detailed documentation of the process, including changes made, rationale behind decisions, and key outcomes to ensure effective knowledge management for future reference and organizational learning.
Deliverables:
• Enhanced Product Concepts Documentation: A set of enhanced fund concepts documentation reflecting refinements and enhancements to fund structures (fund size, fee structure, and other key elements), investment strategies, and impact measurement methodologies made in collaboration with fund heads, demonstrating alignment with overall organizational goals.
• Collaboration and Synergies Plan: A strategic plan identifying opportunities for collaboration and synergies among these funds.
• Fundraising Support Materials: A set of materials supporting fundraising efforts by the Investor Relations Team. This includes strategic insights, compelling narratives, and documentation prepared to strengthen the overall fundraising strategy.
• Project Management Timeline: A comprehensive project management timeline outlining key milestones, tasks, and deadlines for each fund.
• Regular Progress Reports: Regular updates and progress reports submitted to the fund heads and AMC Director.
• Documentation Repository: A centralized repository containing detailed documentation of the fund formation process. This should include records of changes made, rationale behind decisions, and key outcomes for future reference and organizational learning.
Selection Criteria
The successful candidate should possess the following qualifications:
• Master’s degree in finance, business, or a relevant subject.
• 10-12 years of hands-on experience in the private equity sector, with a proven track record of actively optimizing fund strategies and structures.
• Demonstrated experience working with private equity in emerging markets, understanding the unique challenges and opportunities within these regions.
• Proven ability to actively contribute to the refinement and enhancement of fund concepts, implementing changes to fund structures, investment strategies, and impact measurement methodologies to enhance overall effectiveness.
• Strong collaborative skills with a track record of identifying and executing opportunities for collaboration and synergies among multiple funds, fostering a cohesive approach across diverse focus areas.
• Demonstrated capability to lead the development and implementation of innovative strategies for diverse focus areas, including conducting market research and proposing unique approaches to maximize impact.
• Direct experience in providing hands-on value-added services, including active participation in market positioning, partnership identification, and investor engagement strategies.
• Strong project management skills with a minimum of 6 years of experience in developing and maintaining comprehensive project management timelines for complex initiatives.
• Outstanding written and oral communication skills in English, with the ability to convey complex information to both technical and non-technical audiences.
• Ability to work effectively within a team, fostering communication between fund teams, exploring joint initiatives, and ensuring a cohesive approach across all focus areas.
• Proven ability to provide strategic insights and contribute to the development of materials supporting fundraising efforts.
• Demonstrated ability to maintain detailed documentation of complex processes, ensuring effective knowledge management for future reference and organizational learning.
• Ability to undertake hands-on tasks with minimal supervision, demonstrating a proactive and independent approach to strategic improvements.
• Prior experience working with international development organizations, particularly in private sector development, would be desirable but not mandatory.
World Bank Group Core Competencies
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